“Gulf Interchem will build an integrated treatment plant to recover valuable molecules from Sadara by-products and convert them into fine chemicals that can be used in the production of speciality chemicals such as corrosion inhibitors, adhesives, lubricants and others,” Sadara said in a statement.

The plant, which would be built in the nearby industrial PlasChem Park, will help reduce carbon dioxide emissions by around 50,000 tonnes per year.

Sadara has 26 manufacturing plants that produce more than 3 million tonnes of chemicals annually.